Offshore Account Reporting – Bank Leumi, Bank Hapoalim, Mizrahi Tefahot Bank Accused of Adding A Twist

According to various reports the IRS is investigating the Israeli banks Bank Leumi, Bank Hapoalim and Mizrahi Tefahot Bank for conspiring with individuals to enter into a loan scheme intended to evade taxes on funds brought to the U.S. from undisclosed foreign bank accounts.  The focus on the banks themselves is a notable departure from…

Gas Station Owners Need a Good Accountant: When Is Your Accountant Too Good?

In January 2013 Illinois Attorney General Lisa Madigan announced guilty pleas by two Chicago area accountants who engaged in a scheme to falsify sales figures on Illinois sales tax returns resulting in under reporting $5,000,000.00 in sales tax from various Chicago area gas station owners. The Illinois Attorney General has been active in recent years…

Illinois Gas Station Sales Tax Audits

Horowitz and Weinstein represents numerous taxpayers before the Illinois Department of Revenue regarding Sales Tax, Use Tax, Motor Fuels Tax and other taxes on almost a daily basis.  In the course of handing Illinois tax matters regarding boats, vehicles, fast food establishments, ancillary auto service companies and others we have noticed a significant number of…

Horowitz Law Offices in the News

Investor in alleged foreign currency scam sues Bergen County duo Bergen County Record, March 27, 2012 An Illinois foundation that doles out college scholarships was among the investors in what the FBI claims was a foreign currency scam involving two Bergen County men. In what appears to be the first investor lawsuit in the unfolding case,…